Maruichi Steel Tube (TSE:5463) Receivables Turnover : 1.20 (As of Dec. 2023)

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What is Maruichi Steel Tube Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Maruichi Steel Tube's Revenue for the three months ended in Dec. 2023 was 円68,420 Mil. Maruichi Steel Tube's average Accounts Receivable for the three months ended in Dec. 2023 was 円56,880 Mil. Hence, Maruichi Steel Tube's Receivables Turnover for the three months ended in Dec. 2023 was 1.20.

Maruichi Steel Tube Receivables Turnover Historical Data

The historical data trend for Maruichi Steel Tube's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Maruichi Steel Tube Receivables Turnover Chart

Maruichi Steel Tube Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.40

4.53

5.11

5.30

5.02

Maruichi Steel Tube Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.19	1.22	1.19	1.20	1.22

Competitive Comparison of Maruichi Steel Tube's Receivables Turnover

For the Steel subindustry, Maruichi Steel Tube's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Maruichi Steel Tube's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maruichi Steel Tube's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Maruichi Steel Tube's Receivables Turnover falls into.

Maruichi Steel Tube Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Maruichi Steel Tube's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	271310	/ (	(52835	+	55221)	/	2 )
=	271310	/	54028
=	5.02

Maruichi Steel Tube's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	68420	/ (	(57548	+	56212)	/	2 )
=	68420	/	56880
=	1.20

Maruichi Steel Tube (TSE:5463) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Maruichi Steel Tube Receivables Turnover Related Terms

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Maruichi Steel Tube (TSE:5463) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maruichi Steel Tube Ltd (TSE:5463) » Definitions » Receivables Turnover

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Address

29th Floor, Nambaskyo, 1-60, 5, Chome, Namba, Chuo-ku, Osaka, JPN, 542-0076

Website

http://www.maruichikokan.co.jp

Maruichi Steel Tube Ltd is a Japan-based company that manufactures and sells steel tube and steel sheet coating. Japan, North America, and Asia excluding Japan are the three largest markets for the company. The company's product portfolio includes welded steel tubes, hot-dip galvanized steel sheet, lighting poles, and prepainted steel sheet. Its products are used in architecture, civil engineering, machinery, power generation plants, automobiles, motor cycles, medical equipment, fitness machines, office automation equipment, office and educational furniture, and others. It has plants across North America and Asia.

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